Reinsurance News
Markel
Markel provides insurance and reinsurance solutions operating out of the US, Bermuda and other global locations.
The insurance arm of the Markel Group includes, Markel Specialty, Markel International and Markel Global Reinsurance, as well as State National, which manages portfolio protection and program services, and Nephila Capital, which is a specialist insurance-linked securities operation.
Read our Markel insurance or reinsurance news and analysis below.
Markel to accelerate underwriter insights with mea AI platform expansion to Canada
28th May 2025
Insurer and reinsurer Markel is expanding mea Platform’s generative AI (GenAI) solution to Canada, where it will be applied across Markel Canada’s underwriting operations to automate the extraction of unstructured data from submission-related documents. This move follows the successful deployment of the solution within Markel’s London Wholesale operations. The re/insurer initiallyRead the full article
Markel adds Watson as Senior Underwriter for International War and Terrorism
15th May 2025
Markel Insurance, the insurance arm of Markel Group Inc., has strengthened its International War and Terrorism unit in the US with the appointment of Joshua Watson as Senior Underwriter and Bridget Canderelli as Underwriting Support Specialist. The two appointments aim to support profitable growth across its International War and Terrorism portfolio. Watson ... Read the full article
Markel posts strong Q1’25 insurance result despite California wildfire impact
1st May 2025
Insurer and reinsurer Markel Group's operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company's combined ratio rose slightly to 95.8% on the back of underwriting losses from the January 2025 wildfires in California. Markel's operating income ... Read the full article
Markel to acquire specialist marine MGA MECO
16th April 2025
Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA). Founded in 1974, MECO operates across London, Dubai, and Shanghai. It provides marine insurance products and services to a wide range of global clients, ... Read the full article
Markel promotes Matthew Brooke to Senior Underwriter of War and Terrorism
11th April 2025
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expansion of the International War and Terrorism portfolio, by identifying gaps in political violence coverage and ... Read the full article
Markel appoints Erik Johnson as Head of Technical Underwriting and Oversight
2nd April 2025
Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Underwriting team, setting and upholding high standards for technical underwriting across the organisation. He will also oversee ... Read the full article
Dan Thomas to lead Markel’s Marine Technical Claims
25th March 2025
Markel, the insurance arm of global re/insurer Markel Group Inc., has appointed Dan Thomas as the Marine Technical Claims Lead, reporting to Tim Warren, Claims Manager, Marine Liability. Additionally, the firm has bolstered its Wholesale Claims service with three promotions: Debbie Larkin as Claims Manager – Energy, Liability and Terrorism; Rachel ... Read the full article
Artio launches early-stage carbon insurance, backed by major insurers
21st March 2025
Artio has launched a data-driven early-stage carbon credit delivery insurance product, backed by Tokio Marine HCC International (TMHCCI), Markel, and Apollo and with DA Strategy support. With insurance capacity provided by the trio of major insurers, Artio’s new product aims to help investors to confidently back early-stage carbon removal projects by ... Read the full article
Simon Wilson named CEO of Markel Insurance
17th March 2025
Markel Group Inc. has announced the appointment of Simon Wilson, currently President of Markel International, as Chief Executive Officer (CEO) of the company's three primary underwriting businesses—Markel Specialty, Markel International, and Markel Global Reinsurance—collectively referred to as Markel Insurance. Wilson brings over two decades of experience scaling operations in large specialty ... Read the full article
Markel Specialty strengthens SE Excess Casualty leadership team
7th March 2025
Markel, the insurance division of Markel Group Inc., has announced the promotion of Nan Fine to Managing Director, Casualty, Southeast Region at Markel Specialty, and the appointment of Hillary Warren as Manager, Commercial Wholesale Excess Casualty, Southeast Region. These appointments strengthen the alignment of Markel Specialty's Excess Casualty team in the ... Read the full article
Markel appoints Dean Johnson as Senior Underwriter, Transport & Logistics
25th February 2025
Markel, the insurance division of Markel Group Inc., has announced the appointment of Dean Johnson as Senior Underwriter, Transport and Logistics. Based in London, Johnson will focus on expanding the Transport and Logistics portfolio by underwriting liability and property package policies for the ports, terminals, and marine trades industries, as well ... Read the full article
Markel “pretty pleased” with 1.1 reinsurance renewal: Noble
6th February 2025
The reinsurance market has seen a largely "orderly" start of the year, with favourable terms and pricing in some sectors, Markel’s Jeremy Noble, President of Insurance, noted as he commented on the company’s recent 1.1 reinsurance renewals, expressing satisfaction with the outcome. He stated: “With regards to 1.1, where we buy ... Read the full article
Markel’s operating income hits $3.71bn in 2024 as CoR improves
6th February 2025
Markel has reported an operating income of $3.71 billion for the full year 2024, alongside an improved combined ratio of 95.2%. The firm's insurance business contributed $601 million to the total 2024 operating income, marking a 73% increase from $348.1 million in 2023. Meanwhile, the investment business contributed $2.77 billion, and ... Read the full article
Markel Canada appoints Cliff Laidlaw as SVP Underwriting
5th February 2025
Markel Canada Limited has announced the appointment of Cliff Laidlaw as Senior Vice President (SVP), Underwriting. In this role, Laidlaw will oversee underwriting and portfolio management for all of Markel’s Canadian insurance products. He will also lead a team of underwriting professionals, focusing on supporting sustainable growth in Canada. David Crozier, President ... Read the full article
Markel transitions to Guidewire Cloud to enhance claims and IT operations
5th February 2025
Markel, the insurance division of Markel Group Inc., and Guidewire announced the successful migration of Guidewire ClaimCenter from an on-premise setup to Guidewire Cloud. This transition enhances and streamlines Markel’s claims and IT operations. The company deployed ClaimCenter on Guidewire Cloud to support its specialty lines across its US operations. "Migrating ClaimCenter ... Read the full article
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